Abstract
ABSTRACTThis article aims to study the spatial effect that financial functions have on financial development in China. We use the 2005–2014 panel data for 31 Chinese provinces to construct three spatial panel models of different spatial weight matrixes. The empirical results indicate that there is a spatial competition effect on financial development. Most explanatory variables play positive roles in promoting the local financial development. Spatial spillover effects are not obvious and negative to financial depth. Spatial spillover effects are significantly positive in financial access. Spatial competition effects are observed in financial efficiency. Openness and economic development show spatial spillover effects, while human capital and government subsidies show noticeably spatial competition effects. These insights are valuable to financial department and policy makers.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
